IFIs role in Tsunami Rehabilitation

IFIs role in Tsunami Rehabilitation PowerPoint PPT Presentation

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Estimated Funds for rehabilitation . World Bank estimated that US $ 1.213 billion is required for tsunami rehabilitation April 2005State wise assessments Tamilnadu- US$ 868.3 million Kerala-US$ 157.7 millionPondicherry- US$ 114.4 million Andhra Pradesh-US$ 72.6 million . Funds allotted by IFI

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IFIs role in Tsunami Rehabilitation

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1. IFIs role in Tsunami Rehabilitation presentation by S.M.Prithiviraj Voices from the margins (VFM) Tamilnadu, India. E-mail: [email protected] & [email protected]

2. Estimated Funds for rehabilitation World Bank estimated that US $ 1.213 billion is required for tsunami rehabilitation April 2005 State wise assessments Tamilnadu- US$ 868.3 million Kerala-US$ 157.7 million Pondicherry- US$ 114.4 million Andhra Pradesh-US$ 72.6 million

3. Funds allotted by IFIs Asian Development Bank sanctioned US$ 143.75 million under Tsunami Emergency Assistance Programme (TEAP) this is inclusive of US$ 93.85 million for reconstruction and US$ 49.9 million for livelihood restoration ADB funds gave more priority to reconstruction World Bank sanctioned a loan amount of US$ 456 million Infrastructural development in coastal districts is the priority of World Bank

4. IFI funds and tsunami rehabilitation 2005 to 2008 16,000 tsunami affected families are homeless and another group of 18,000 families living in damaged houses are waiting for the construction of houses after 4 years 50,000 families are yet to recover completely from the loss of livelihood BUT More than 1,000 kms of big coastal roads are laid Several government buildings are constructed by diverting the funds

5. Wrong Priorities in rehabilitation While thousands of tsunami victims are homeless and struggle for livelihood World Bank and Asian Development Bank have a priority only on developing infrastructural facilities As a result…. People have roads but no homes, no improvement in livelihood and social security….

6. Why roads… Most of the coastal roads are laid with the purpose of linking new and old special economic zones located in the coastal areas. Roads are laid for transportation of goods, linking commercial ports, special economic zones and big polluting industries. Roads are laid with a perspective of linking tourist resorts, entertainment parks and beaches for foreign tourists.

7. Tsunami is an opportunity for ADB and World Bank WB and ADB pressurized Government of Tamilnadu and Pondicherry to privatize ports with 100 years leasing and collection of levies for using the port. Construction of new commercial ports in the Tamilnadu coast because it is maritime wise strategically located in between East Asia and the West Asia. More number of Container handling ports for special economic zones of Tamilnadu coast are under planning Most of the investors of special economic zones are from the countries like South Korea, Taiwan, China and Japan. Interestingly Asian Development Bank officials are reportedly lobbying for corporate sector of these far east countries with the State Government officials. 40 new ports are in the pipeline and some ports are already under construction in Ennore, New Tuticorin port, Cuddalore and Karaikal. Privatization of ports are made as a result of pressures from IFIs

8. Impact of Infrastructural investments More commercial ports means more interference in sea causing destruction of nets of the fishers, disturbing the livelihood of fishers, ecological damage to coral reefs, environmental pollution, forcibly capturing the traditional lands of coastal fishing communities, destruction of coastal forests and grooves, mining of natural sand dunes, Creating new sea erosions in the coastal villages near the ports, and triggering displacement of indigenous fishing communities from the coast to inland.

9. Attempt to legalize coastal invasion World Bank and Asian Development Bank officials are behind the Government of India’s notification on coastal management zone 2008. This notification violates Coastal Regulation Zone Notification of 1991 which protects coastal environment, resources and land rights of indigenous fishing and other coastal communities. The proposed new notification provides scope for exploitation of coastal land and sea resources by private corporate entities.

10. What we demand Convert all loans sanctioned under tsunami rehabilitation into interest free grants Allocate funds for livelihood restoration and social security components for the welfare of coastal communities\ Stop promoting commercial ports and special economic zones Minimize the socio-economic and environmental negative impacts of Funds of IFIs

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